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short sale: FACING FORECLOSURE? Do you know your options? - 04/14/09 03:58 PM
By the time most people miss a mortgage payment, they are under financial distress and feeling like they have no way out. Facing foreclosure can be one of the most stressful events a person faces. It's our goal to present the options a homeowner has and to assist them with making the best choice. Below is a brief description of these choices.
1)  Reinstatement - If a homeowner has missed a payment, they can reinstate the loan if they pay all the missed payments plus any fees that are due. This can occur prior to the bank sale.
2)  Forebearance or Re-payment Plan - … (1 comments)

 

Christy Walker, ABR, e-Pro

Phoenix, AZ

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RE/MAX Signature

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